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The Department of Homeland Security announced Wednesday it will no longer import steel or artificial sweeteners from two companies based in China due to their alleged use of forced labor. The ...
Top steel producing companies. This is a list of the largest steel-producing companies in the world mostly based on the list by the World Steel Association.The list ranks steelmakers by volume of steel production in millions of tons over time and includes all steelmakers with production over 10 million in 2021.
Sinosteel Corporation is based in Beijing, China. Sinosteel in 2008 completed a hostile takeover of Australian iron ore producer, Midwest Corporation, cornering 51% of the shares of the company in a A$1.36 billion acquisition. [3] It was the first successful hostile takeover of an Australian public company by a Chinese company. [3]
China Steel Corporation (CSC; Chinese: 中國鋼鐵股份有限公司; pinyin: Zhōngguó Gāngtiě Gǔfèn Yǒuxiàn Gōngsī) is the largest integrated steel maker in Taiwan. Its main steel mill is located in Siaogang District, Kaohsiung. The corporation and its sister companies are administrated under the CSC Group.
President Trump's new Steel Tariffs 2.0 aim to end foreign producers' exploitation and circumvention of trade laws, protecting America's steel industry and national security.
[2]: 117–118 In 2014, the CBMX platform was transferred to a Chinese and foreign joint venture (the Beijing Iron Ore Trading Center Corporation, or COREX) and ownership was broadened to include trading houses and the four largest Chinese steel mills, in addition to CISA. [2]: 118
Rising exports from 2023-2024 led to global oversupply, price drops, and tariffs, prompting China to halt new steel mill approvals and encourage overseas investments. China's central government has also worked to phase out unprofitable "zombie" companies while pushing for stricter environmental controls on steel production.
In 2000, the Baosteel Group split, creating the new Baoshan Iron & Steel Co., Ltd., [1] which is listed on the Shanghai Stock Exchange since 12 December 2000. [3] It was the largest initial public offering in Mainland China up to that time, [4] [5] raising CNY 7.7 billion despite being limited to domestic investors.